Chase Selects Corillian as Platform for Internet Banking.Business Editors, High-Tech Writers BEAVERTON, Ore.--(BUSINESS WIRE)--Nov. 14, 2000 Corillian Corp. (Nasdaq:CORI), a leading provider of eFinance solutions, today announced that The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. has licensed Corillian Voyager as Chase's next platform to continue to provide its deposit customers with real-time online access to their financial accounts. Corillian Voyager, which will be implemented on-site at Chase, will replace the existing retail Internet banking platform and provide Chase with a high-performance, flexible, real-time solution to meet the growing demands of its customer base. Using Corillian Voyager, Chase customers will continue to be able to pay bills, transfer funds and make balance inquiries on their checking, savings, credit cards, investments, loans and lines of credit. "We believe that Corillian Voyager's scalability and openness will give us the flexibility to add different products and services to the platform, without having to make an additional investment in infrastructure," said Bruce Zimmerman Bruce Zimmerman is a U.S. novelist, screenwriter, and television producer. Among the television series which Zimmerman has worked on are Desperate Housewives, CSI:NY, K-Ville, The District, Judging Amy, Reunion, So Weird, and Street Time. , Chase senior vice president. "Corillian leads the Internet retail banking space and its track record was a key factor in selecting them as our solution provider. We are looking forward to getting started on the next phase of our Internet banking service." Corillian Voyager -- The Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. for eFinance(TM) -- is a high-performance platform that allows for the delivery of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to customers over the Internet. Voyager provides a link between a financial institution's legacy host system and its consumers, using Internet browsers See Web browser. , personal financial management programs and Internet-ready wireless devices. Voyager's open architecture design allows the institution to quickly integrate emerging technologies, deploy the platform in-house or off-site at a secure data center, and customize the entire Internet banking presentation to its customers. "The open nature and flexibility of Voyager will allow Chase to implement a solution that easily integrates with its core processing and legacy systems," said Ted Spooner Please help [ improve this article] by revising it to be and encyclopedic. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corillian. "Delivering products and services over the Internet will be a huge area of growth for financial institutions. Chase's adoption of Voyager enables it to continue to meet and exceed the growing demands of its customers. Voyager provides Chase with a compelling, cost-effective and easy-to-manage Internet banking solution." About Corillian Based in Oregon, and with an international office in London, England, Corillian Corporation is an award-winning provider of eFinance-enabling software for the financial services industry. Corillian applications support Internet banking, bill delivery and payment, brokerage, customer relationship management, enhanced data aggregation, and small business transactions. Voyager can be deployed on-site at the financial firm or at a secure data center. Corillian technology also enables Open Financial Exchange (OFX OFX Open Financial Exchange OFX Outer Fix OFX Open Effects ) access by finance management software packages such as Quicken(R), QuickBooks(R) and Microsoft(R) Money. For more information about Corillian Corporation, visit the company's Web site at http://www.corillian.com. About Chase Manhattan Bank Chase, with $425 billion in assets, is one of the world's premier financial services institutions, with operations in 60 countries around the world. Chase has top-tier rankings in all areas of investment banking, asset management, private banking, trading and global markets activities as well as information and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . Chase is a leading provider of financial solutions to large corporations, government entities, commercial banking clients, small businesses and individuals, and has relationships with more than 30 million consumers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Chase can be reached on the web at www.chase.com. Matters discussed in this release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include the risk that Corillian encounters significant delays or problems in installing its solutions at Chase, that Corillian is not able to develop, implement or market new solutions for its software platform, that consumers do not increasingly demand Internet-based financial services and that financial service providers do not increasingly demand Internet-based financial service solutions. Other risks include those stated in Corillian's reports and other documents filed from time to time with the Securities and Exchange Commission including its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. www.businesswire.com/ipo/cori.shtml |
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